India is determined to be to achieve Net-Zero carbon emissions by 2070. Transport sector will play very important role in achieving this target. This is why the sector is actively pushing for zero emission vehicles by 2040. With significant support from the government and a growing awareness for the planet - the Indian EV industry has witnessed significant growth in the last two-three years.

Decarbonizing the Indian mobility sector has gained significant traction in the last few years. The adoption of EVs by the general masses continues to remain slow - to be able to meet its net-zero targets, India must explore innovative ways to accelerate the adoption of EVs.

More power to the consumer - requires design and development of new power grids. Building with the future in mind as the demand for power is bound to increase with the increasing number of EVs on the Road. Meeting this increasing demand cannot just be left to power generation from conventional sources

To fuel the growth of the sector India must devise and deploy a robust strategy to allow for increased investment opportunities. As the sector grows, so does the nation.

One of the major hurdles to the adoption of EVs is the pricing of the vehicles. Much of the price is accounted for the battery unit/power storage of the vehicle. Making EVs affordable is vital to the growth of the industry.

There is huge opportunity for banks and financial institutions in the field of EV financing. However, this segment has remained almost neglected, willingly or unwillingly so far, leaving no room for aspiring consumers. Experts believe that EV financing could become goldmine for early movers in segment.

Pre-owned vehicle size in India is among the largest in the world, and electric mobility is going to add more vanues of business for the companies in this business. According to various reports, Indian pre-owned vehicle business may touch $ 75 bn by 2027.